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The return of Caltex

Caltex's share price has slumped 18% from its highs. Is there value here once again?

There is nothing more satisfying than dabbling – and succeeding – in the forbidden arts. We would never recommend timing your buys and sells to capture peaks and troughs because it is impossible to do so. We don’t believe pretty charts tell us anything about the future and we believe the mere pursuit of precision gives the false impression that it can be attained. Even trying to time the market while knowing it can’t be done is dangerous.

We know all of this. Yet it still feels great to get timing right. Caltex is a fine example.

IMPORTANT: This information has been prepared without taking into account your objectives, financial situation or needs and you should consider if the information is appropriate for you before making an investment decision. Unless otherwise specifically stated or disclosed (such as the InvestSMART Diversified Portfolios Product Disclosure Statement), neither InvestSMART Financial Services Pty Ltd nor any of its Related Companies make any recommendations as to the merits of any investment opportunity referred to in its emails or its related websites. Product disclosure statements for financial products offered through InvestSMART can be downloaded from this website or obtained by contacting 1300 880 160. You should consider the product disclosure statement before making a decision about the product. All indications of performance returns are historical and can not be relied upon as an indicator for future performance.